[4830-01-U]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-116099-98]

RIN 1545-AB43, 1545-AF52

Withdrawal of Proposed Regulations

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of proposed regulations.

SUMMARY: This document withdraws proposed regulations amending

the income tax regulations. This action is taken to remove from

the IRS’ inventory of regulations projects those proposed

regulations that are in an inactive status and would remain in an

inactive status for the foreseeable future.

DATES: These proposed regulations are withdrawn December 22,

1998.

FOR FURTHER INFORMATION CONTACT: George Bradley of the Office of

the Assistant Chief Counsel (Income Tax & Accounting), Internal

Revenue Service, 1111 Constitution Ave., NW., Washington, DC

20224. Telephone (202) 622-4920, not a toll-free number.

SUPPLEMENTARY INFORMATION:

Background
This document withdraws certain proposed regulations

previously published in the Federal Register by the IRS. These

proposed regulations are being withdrawn because they are part of

regulations projects that will not be pursued in the foreseeable

future, and there are no current plans to adopt the proposed

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regulations as final regulations.

Drafting Information
The principal author of this withdrawal notice is George H.

Bradley, Office of the Assistant Chief Counsel (Income Tax &

Accounting) within the Office of the Chief Counsel, Internal

Revenue Service. Other personnel from the Internal Revenue

Service and the Treasury Department participated in developing

the withdrawal notice.

List of Subjects 26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements.

Withdrawal of Proposed Amendments to the Regulations

Accordingly, under the authority of 26 U.S.C. 7805, the

following proposed amendments to 26 CFR part 1 are withdrawn:

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Amendments Relating FR Citation and Subject

to Proposed Project Number

Regulations Section:

1.162, 1.162-16, FR Doc. 71-9954 Transfer of

1.461-1(a)(3)(iii), Published 7/15/71 Franchises,

1.1016 36 FR 13148 Trademarks, and

1.1253 Trade Names

1.1253-1,

1.1253-2,

1.1253-3
1.381(c)(4)-1(c)(1), FR Doc. 72-14187 Carryover of

1.381(c)(4)-1(c)(3) Published 8/23/72 Inventories and

Example (5), 37 FR 16947 Accounting Methods

1.381(c)(4)- in Certain Corporate

1(d)(1)(iii), Acquisitions

1.381(c)(5),

1.381(c)(5)-1

1.351-1(c)(1)(ii), FR Doc. 80-40833 Limitations on

1.351-1(c)(4), Published 1/7/81 Reorganization

1.351-1(c)(5)(i), 46 FR 1744 Treatment for

1.351-1(c)(5)(ii), (LR-135-76) Investment Companies

1.351-1(c)(6)

Examples (3) & (4),

1.368-4
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1.278-2, 1.464-1, FR Doc. 83-30789 Farming Syndicate

1.464-2 Published 11/15/83 Expenditures

48 FR 51936

(LR-144-76)
1.453-2 FR Doc. 84-891 Installment

Published 1/13/84 Obligations Received

49 FR 1742 From Liquidating

(LR-184-80) Corporations
1.6050J-2 FR Doc. 84-23131 Returns Relating to

Published 8/31/84 Transfers of

49 FR 34518 Security to Persons

(LR-182-84) Other Than the

Lender
1.131-1 FR Doc. 85-2718 Exclusion From Gross

Published 2/1/85 Income for Certain

50 FR 4702 Foster Care Payments

(LR-83-83)

/s/ Robert E. Wenzel

Deputy Commissioner of Internal Revenue